A-shares still have plenty of supporters, including Goldman Sachs, which said earlier this month that the large-cap CSI 300 Index, the underlying index of ASHR, could rally 27% over the next 12 months. Despite heavy outflows and a number of bubble warnings from international observers, Goldman Sachs remains bullish on China’s outlook, pointing to the potential success of Beijing’s efforts to support the market. [Contrarian View on A-Shares ETFs]
Traders looking to remain bearish on A-shares outside of the options market can consider the Direxion Daily CSI 300 China A Share Bear 1x Shares (NYSEArca: CHAD). CHAD, which is just over a month old, attempts to deliver the daily inverse performance of the CSI 300 Index without leverage. The ETF has returned 15% since coming to market, but underscoring the risks of being short A-shares in any form, CHAD has plunged 23.6% since peaking on July 8. [Traders Rush to Inverse, Leveraged A-Shares ETFs]
Deutsche X-trackers Harvest CSI 300 China A-Shares ETF
